Exam Code: Servicenow-CAD Practice exam 2023 by Killexams.com team
Servicenow-CAD ServiceNow Certified Application Developer

Design an application including business logic, user interface, and database logic
• Determine if an application is a good fit with ServiceNow's platform capability
• Design and implement a user interface taking into consideration usability, form design, platform (desktop, tablet, and/or smartphone), and enhancing the user experience with scripts
• Write, test, and debug client-side and server-side scripts
• Implement security for an application using both contextual security and application scope
• Automate an application using workflow, Document Feeds, email, Scheduled Script Executions, and Events
• Create and use Application Properties
• Integrate to external data sources
• Manage applications including migration, downloading and installing, and managing source code 1 Designing and Creating an Application 15
2 Application User Interface 20
3 Security and Restricting Access 20
4 Application Automation 20
5 Working with External Data 10
6 Managing Applications 15
Total: 100

About Questions and Responses For each question on the examination, there are four (4) possible responses
The person taking the exam reviews the response options and selects the most correct answer to the question
A wrong answer, called a distractor, is an incorrect answer a candidate with incomplete skill or knowledge may choose
A distractor is a plausible option that fits into the topic area defined by a test objective, but is not the correct response
Questions are presented in one of these formats
Multiple-Select (one or more answers) An examinee selects at least one response that accurately answers the question
These questions use the phase “Select all that apply” to indicate that there may be more than one correct response
Multiple Choice (single answer) An examinee selects one response that most accurately answers the question
True or False An examinee is presented with a statement and is asked to select the correct answer from the two options; the statement is either true or false
The Testing Process Each candidate must register for the exam
During the registration process, each test taker has the option of taking the exam at an Authorized Testing Center or as an online-proctored exam
In both testing venues, the Certified Application Developer exam is done through a consistent, friendly, user interface customized for ServiceNow tests
The Kryterion Testing Network (KTN) is worldwide and all locations offer a secure, comfortable testing environment
Candidates register for the exam at an exact date and time so there is no waiting and a seat is reserved in the testing center

ServiceNow Certified Application Developer
ServiceNow Application book
Killexams : ServiceNow Application book - BingNews https://killexams.com/pass4sure/exam-detail/Servicenow-CAD Search results Killexams : ServiceNow Application book - BingNews https://killexams.com/pass4sure/exam-detail/Servicenow-CAD https://killexams.com/exam_list/ServiceNow Killexams : Itential Debuts ServiceNow Application to Enable Cloud-Like Service Delivery for Infrastructure Changes

Application provides ServiceNow users with turnkey infrastructure automations published in the Itential Automation Platform

ATLANTA and AMSTERDAM (PRWEB) February 06, 2023

Itential, the leader in hybrid cloud network infrastructure automation and orchestration, today announced at Cisco Live EMEA 2023 the release of its new certified ServiceNow application, available today in the ServiceNow store. The application simplifies the consumption of network infrastructure automations by providing ServiceNow users with a turnkey method to run automations that enables cloud-like service delivery for infrastructure changes.

"IT organizations are consistently pushed to more efficiently deliver network and infrastructure services and to provide a more cloud-like experience to end users," said Chris Wade, CTO of Itential. "Itential's new ServiceNow app provides an out-of-the-box experience for discovering available Itential automations for ServiceNow users and enables ServiceNow teams to leverage Itential's Network API to deliver self-service, on-demand infrastructure services."

Itential's low-code automation platform provides network and IT teams with the ability to rapidly build and run automated workflows for managing the deployment, configuration, and change process across hybrid, multi-cloud infrastructure. Its API-first approach enables easy integration with any IT systems, network technologies, automation tools, custom-built scripts, and CI/CD pipelines and toolchains for end-to-end network automation.

Itential's existing ServiceNow integration enables network teams to build workflows that include common ServiceNow tasks, such as opening and updating tickets. With the new Itential ServiceNow app, IT organizations can access their automations directly from the ServiceNow platform, completing complex requests faster, increasing efficiency, and reducing overall IT backlog. For ServiceNow users managing change requests and incident tickets, they can run published network automations to complete those tickets and close them out efficiently.

Additional key features of the Itential ServiceNow app include:

  • Codeless integration that enables ServiceNow users to run network and infrastructure automations published in the Itential Automation Platform.
  • Dynamic discovery within ServiceNow of newly published automations in the Itential Automation Platform.
  • Simplifies the process to scale the use of infrastructure automations to any ServiceNow user.
  • Provides a concise way to deliver self-service and end-to-end automation, reducing manual ticket churns.

To learn more about the Itential ServiceNow app, click here, and to register for our upcoming live webinar and product demo, click here. Cisco Live EMEA 2023 attendees are invited to visit the Itential team at booth #C03.

About Itential
Itential provides powerful network automation and orchestration software to companies worldwide, from Fortune 500 telecommunications and financial service companies, public sector and federal government agencies to enterprises of all sizes. We are committed to building world-class products that accelerate the move toward software-driven networks and next generation, agile network operations. We are exclusively focused on delivering network automation solutions that help our customers realize their vision of digital transformation. Our solutions leverage the latest thinking, open standards, open architectures, partners, and best practices to drive network operations and maximize the impact of automation.

To learn more about Itential, visit http://www.itential.com.

For the original version on PRWeb visit: https://www.prweb.com/releases/itential_debuts_servicenow_application_to_enable_cloud_like_service_delivery_for_infrastructure_changes/prweb19142225.htm

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Sun, 05 Feb 2023 22:17:00 -0600 en text/html https://www.benzinga.com/pressreleases/23/02/p30725766/itential-debuts-servicenow-application-to-enable-cloud-like-service-delivery-for-infrastructure-ch
Killexams : Global ServiceNow Store Apps Market in-Depth Analysis with Leading Key players 2031 By MRI

The MarketWatch News Department was not involved in the creation of this content.

Feb 15, 2023 (Heraldkeepers) -- The Global ServiceNow Store Apps Market Report gives a comprehensive overview of the sector, including qualitative and quantitative data. It provides a global ServiceNow Store Apps overview and forecast based on numerous segments. It also estimates Market size and forecasts for five major regions: North America, Europe, Asia-Pacific (APAC), and the Rest of the World. The global ServiceNow Store Apps Market is further sub-segmented by nations and segments within each region. The research examines and anticipates several countries throughout the world, as well as current trends and possibilities in the region.

The report examines demand and supply side aspects driving the global ServiceNow Store Apps Market , as well as Market dynamics affecting the Market throughout the forecast period, such as drivers, constraints, opportunities, and future trends. After assessing political, economic, social, and technological aspects affecting the worldwide ServiceNow Store Apps Market in various regions, the research delivers a comprehensive PEST analysis for all different regions across the country.

Get Free demo PDF (Including Tables and Figures, Charts & Graphs) of ServiceNow Store Apps Market Research Report@ https://www.marketresearchintellect.com/download-sample/?rid=199533

The report endeavours to offer a 360-degree analysis of the global ServiceNow Store Apps Market on the back of an insightful study of the prevailing demand and supply trends, important fiscal statistics of major players sustaining in the market, and the influence of latest economic advancements on the market. Developments in each geographical region is charted using authentic historical data with a view to help gauge the future trajectory of the market across the globe. SWOT analysis is conducted to identify the strengths, weaknesses, opportunities, and threats that these companies forecast to witness during the forecast period.

By product, the market can be split into

By Application, the market can be split into

Top Company Profile

  • Teamteamviewer
  • Talkdesk
  • Microsoft Teams Notifications
  • Xmatters
  • Cisco (appdynamics)
  • Pagerduty
  • Sailpoint Identityiq
  • Okta
  • Ibm
  • Dynatrace
  • Glance
  • Logmein Rescue
  • Evergreen
  • Nuvolo
  • Snow Software

Get Discount On The Purchase Of This Report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=199533

The study report offers a comprehensive analysis of ServiceNow Store Apps Market size across the globe as regional and country-level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. ServiceNow Store Apps Market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global ServiceNow Store Apps Market will be able to gain the upper hand as they use the report as a powerful resource.

This report also covers Analysis based on SWOT Analysis, providing the Strengths, Weaknesses, Opportunities, and Threats for a better understanding of the market. Also, the Porter Five Forces Model for the Global ServiceNow Store Apps Market will be provided.

ServiceNow Store Apps Market: Regional Analysis Includes:

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt)

Reasons Why You Should Buy This Report:

  • To gain an in-depth understanding of the ServiceNow Store Apps Market
  • To obtain research-based business decisions and add weight to presentations and marketing strategies
  • To gain competitive knowledge of leading market players
  • It gives a pinpoint investigation of changing rivalry elements and keeps you in front of contenders.
  • It helps in settling on educated business choices by having total bits of knowledge of the market and by making inside and out an investigation of market sections.

Table of Contents

Global ServiceNow Store Apps Market 2023-2031, With Breakdown Data of Capacity, Sales, Production, Export, Import, Revenue, Price, Cost and Gross Margin

Chapter 1. Report Overview

Chapter 2. Market Snapshot

2.1 Major Companies Overview

2.2 ServiceNow Store Apps Market Concentration

2.3Six-Year Compound Annual Growth Rate (CAGR)

Chapter 3. Value Chain of ServiceNow Store Apps Market

3.1 Upstream

3.2 Downstream

3.3 Porter's & Five Forces Analysis and SWOT Analysis

Chapter 4. Players Profiles

4.1 Company Profiles

4.2 Product Introduction

4.3 Production, Revenue (2023-2023)

4.4 SWOT Analysis

Chapter 5. Global ServiceNow Store Apps Market Analysis by Regions

5.1 ServiceNow Store Apps Market Status and Prospect (2016-2031)

5.2 ServiceNow Store Apps Market Size and Growth Rate (2016-2031)

5.3 ServiceNow Store Apps Market Local Capacity, Import, Export, Local Consumption Analysis (2023-2031)

Chapter 6. North America ServiceNow Store Apps Market Analysis by Countries

Chapter 7. China ServiceNow Store Apps Market Analysis by Countries

Chapter 8. Europe ServiceNow Store Apps Market Analysis by Countries

Chapter 9. Asia-Pacific ServiceNow Store Apps Market Analysis by Countries

Chapter 10. India ServiceNow Store Apps Market Analysis by Countries

Chapter 11. Middle East and Africa ServiceNow Store Apps Market Analysis by Countries

Chapter 12. South America ServiceNow Store Apps Market Analysis by Countries

Chapter 13. Global ServiceNow Store Apps Market Segment by Types

Chapter 14. Global ServiceNow Store Apps Market Segment by Applications

Chapter 15. ServiceNow Store Apps Market Forecast by Regions (2023-2031)

Chapter 16. Appendix

For More Information or Query, Visit @https://www.marketresearchintellect.com/product/global-servicenow-store-apps-market-size-and-forecast/

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Tue, 14 Feb 2023 22:30:00 -0600 en-US text/html https://www.marketwatch.com/press-release/global-servicenow-store-apps-market-in-depth-analysis-with-leading-key-players-2031-by-mri-2023-02-15
Killexams : Is ServiceNow Stock a Buy?

ServiceNow's (NOW -3.24%) stock rose 3% on Jan. 26 after the cloud-based digital workflow services provider posted its fourth-quarter earnings report. Its revenue rose 20% year over year to $1.94 billion, which matched analysts' expectations, while its adjusted earnings increased 56% to $2.28 per share and cleared analysts' estimates by $0.26.

Those headline numbers seem sound, but is ServiceNow still a worthwhile investment in this challenging market for high-growth tech stocks? Let's review its growth rates, near-term challenges, and valuations to decide.

Person checking a tablet computer while standing next to a window.

Image source: Getty Images.

A recession-resistant business model

ServiceNow's services enable companies to streamline their unstructured work patterns into automated workflows. Doing so can enable an organization to expand its business efficiently, reduce its operating expenses, and strengthen its support for hybrid and remote workers. Its business model is naturally insulated from macroeconomic headwinds, since economic downturns often force companies to streamline their businesses.

But ServiceNow hasn't been immune to the strong dollar. On a constant currency basis, its revenue rose 25.5% year over year in the fourth quarter. This was 550 basis points higher than its reported growth. However, that gap might gradually narrow this year if interest rates stabilize and the dollar weakens against other currencies.

The most bullish numbers from ServiceNow's Q4 report

On a constant currency basis, ServiceNow's subscription revenue (which accounted for 96% of its top line) rose 27.5% year over year in Q4. That represented a slight slowdown from its 28.5% growth in the third quarter, but two other key growth metrics -- its constant currency growth in current remaining performance obligations (cRPO), or the revenue it expects to recognize from its existing contracts over the next 12 months and higher-value customers with an average contract value (ACV) of over $1 million -- both accelerated in Q4.


Q4 2021

Q1 2022

Q2 2022

Q3 2022

Q4 2022

Subscription revenue* growth (YOY)






cRPO* growth (YOY)






Customers with over $1M in ACV growth (YOY)






Data source: ServiceNow. YOY = Year-over-year. *Constant currency.

The acceleration, which occurred as many other cloud-based software companies grappled with slower enterprise spending, supports the bullish notion that ServiceNow's business model is evergreen. Its high renewal rate -- which remains at around 98% -- also indicates that the challenging macro headwinds aren't driving away its existing customers.

The adjusted gross margin of ServiceNow's subscription business rose by a percentage point year over year to 86% in 2022, which suggests it still has plenty of pricing power against comparable "digital transformation" peers like Salesforce (CRM -1.75%), Atlassian (TEAM -3.49%), and Workday. Its adjusted operating margin also increased by a percentage point to 26%, which indicates that economies of scale are kicking in as many other cloud companies struggle to break even.

It expects a slight slowdown in the first quarter

ServiceNow ended 2022 on a high note, but it expects a slight slowdown this year. For the first quarter of 2023, it expects its subscription revenue to rise 25% to 25.5% in constant currency terms, for its cRPO to increase 24% on the same basis, and for its adjusted operating margin to dip to 24%.

For the full year, it expects its subscription revenues to rise 23.5% in constant currency terms. It expects its adjusted subscription gross margin to dip two percentage points to 84% as it ramps up its investments, but for its adjusted operating margin to hold steady at 26% as it optimizes its sales and marketing expenses. During the conference call, ServiceNow CFO Gina Mastantuono said the company had "prudently factored in the evolving macro crosswinds" into its 2023 guidance, which indicates the company is resistant -- albeit not immune -- to the macro and geopolitical challenges.

Analysts expect ServiceNow's reported revenue and adjusted earnings to rise 21% and 19%, respectively, in 2023. That outlook is bright, but a lot of that growth has already been baked into ServiceNow's stock at 49 times forward earnings and 11 times this year's sales. By comparison, Salesforce -- which is growing more slowly than ServiceNow -- trades at 27 times forward earnings and five times this year's sales. Atlassian -- which is generating stronger sales growth but much weaker earnings growth -- trades at 116 times forward earnings and 12 times this year's sales.

ServiceNow is still worth buying

ServiceNow's outlook wasn't perfect, but it still plans to generate over $16 billion in revenue in 2026, which implies its top line will expand at a compound annual growth rate (CAGR) of at least 20.7% from 2022 to 2026. That rosy long-term forecast, along with the resilience of its core business, suggests ServiceNow's stock deserves to trade at a premium valuation -- and that it could still generate much bigger gains over the next few years.

Leo Sun has positions in Salesforce. The Motley Fool has positions in and recommends Atlassian, Salesforce, ServiceNow, and Workday. The Motley Fool has a disclosure policy.

Mon, 30 Jan 2023 00:44:00 -0600 Leo Sun en text/html https://www.fool.com/investing/2023/01/30/is-servicenow-stock-a-buy/
Killexams : Cyber Startup Snyk Raises $25 Million From ServiceNow

Cybersecurity company Snyk Ltd. announced on Tuesday a $25 million investment from enterprise software maker ServiceNow Inc. The Boston-based startup also announced an integration with ServiceNow that aims to provide cybersecurity and information-technology executives a view of potential security vulnerabilities originating from open-source code.

The financing comes as cybersecurity startups have seen a contraction in late-stage funding. Snyk, which focuses on making it easier for software developers to build security into their cloud-based applications, last month announced a $196.5 million Series G investment led by the Qatar Investment Authority at a $7.4 billion valuation—about a 12% decrease from its prior funding in September 2021.

While the cybersecurity funding slowdown follows a broader downturn in the public markets, Chris Bedi, ServiceNow’s chief digital information officer, said the software maker sees “significant market opportunity as enterprises continue to rethink their security practices.”

As part of the investment, Snyk will integrate its open-source risk-management tool and vulnerability database, which compiles data and fixes for open-source and container vulnerabilities, with ServiceNow’s software platform, said Snyk Chief Executive Peter McKay.

ServiceNow, which develops software for companies to manage and automate their business applications, has offered security products since 2015 but was seeking a solution to address growing cybersecurity vulnerabilities in open-source code, which developers regularly reuse to write their own applications, Mr. Bedi said.

Such risks in open-source code were thrust into the spotlight in 2021, when a flaw in the widely used Log4j framework left companies and government organizations scrambling to address a glaring cybersecurity threat to global computer networks.

“Security is a team issue that requires developers, security and IT professionals to work together,” Mr. Bedi said. With the ability to develop and release software a competitive differentiator for businesses, he added, there is an increased pressure on “security practices to evolve.”

The cybersecurity risks in software development were also made apparent during the pandemic, when developers could be working remotely in compromised environments, said Mark Horvath, an analyst focused on cybersecurity at research and consulting firm Gartner Inc.

In the last five years, CISOs and CIOs have become more receptive to letting software developers choose the security tools they prefer to use, especially in cloud-computing environments that can be open to a more complex array of cyberattacks than on-premises systems, Mr. Horvath said.

Other application security firms including Veracode Inc., Contrast Security Inc. and Checkmarx Ltd. are similarly targeting software developers—betting that those engineers will have more of a say in which tools technology executives choose to buy, said Jim Mercer, a developer security analyst at International Data Corp. 

Snyk also has brokered deals with other technology firms like business-productivity software maker Atlassian Corp. and Salesforce Inc., both of which have previously invested in the startup, Mr. McKay said.

By offering its vulnerability database as a tie-in to those companies’ platforms, Snyk has made a case for helping them break into the application security market, Mr. Mercer said. Even when cybersecurity and IT budgets are more constrained, companies will still invest in application security, he added.

The integration between ServiceNow and Snyk is also further evidence of what some analysts call the “platform” approach to IT and security, as CIOs and security leaders seek a single source for their IT and security data. “Vendors are starting to talk with each other more often and being able to exchange data,” Mr. Horvath said.

Snyk will use the capital from ServiceNow to help the company in its goal of becoming cash flow break-even by 2024, Mr. McKay said. The eight-year-old startup cut 14% of its workforce last year and now has over 1,000 employees, according to Mr. McKay.

Write to Belle Lin at belle.lin@wsj.com

Corrections & Amplifications
Chris Bedi is the chief digital information officer of ServiceNow Inc. An earlier version of this article incorrectly gave his title as chief information officer. (Corrected on Jan. 24)

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Mon, 23 Jan 2023 23:01:00 -0600 en-US text/html https://www.wsj.com/articles/cyber-startup-snyk-raises-25-million-from-servicenow-11674521353
Killexams : Is This the Best Time to Add ServiceNow (NOW) to Your Portfolio?

Polen Capital, an investment management company, released its “Polen Global Growth Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The fund returned 6.37% net in the fourth quarter compared to a return of 9.76% for the MSCI ACW Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Polen Global Growth Strategy highlighted stocks like ServiceNow, Inc. (NYSE:NOW) in the Q4 2022 investor letter. Headquartered in Santa Clara, California, ServiceNow, Inc. (NYSE:NOW) is a cloud computing solutions provider. On February 8, 2023, ServiceNow, Inc. (NYSE:NOW) stock closed at $463.98 per share. One-month return of ServiceNow, Inc. (NYSE:NOW) was 12.27%, and its shares lost 24.00% of their value over the last 52 weeks. ServiceNow, Inc. (NYSE:NOW) has a market capitalization of $94.188 billion.

Polen Global Growth Strategy made the following comment about ServiceNow, Inc. (NYSE:NOW) in its Q4 2022 investor letter:

ServiceNow, Inc. (NYSE:NOW) is an $80 billion market cap business based in California. Its purpose is to make the world of work, work better for people. Getting a job done in an enterprise (what the company refers to as “workflow”) usually requires different people in various functions of an organization to work together. Often, they rely on different technology systems and inefficient manual processes to complete each step of the job before moving on to the next.

ServiceNow believes the most effective digital transformation initiative utilizes tools that can integrate workflows across siloed systems, departments, processes, and people. The company is solving what is arguably the biggest pain point in the biggest profit pool in the world (enterprises). Consider the explosion in data growth and all the software point solutions emerging constantly. ServiceNow wrangles all this into a fully integrated dashboard on a global scale with global customers in every industry. Nearly 100% of revenues are subscription based with a 99% renewal rate, and the company currently has no direct competition, according to our research. ServiceNow started with IT workflow, and today, ~40% of net new annual contract value is in non-IT workflows. Through constant innovation, the business has continued to expand its total addressable market, and we think it can grow free cash flow (FCF) at a 20%+ annualized rate for the next three to five years. At less than 30x FCF, we thought the valuation was attractive.”

ServiceNow, Inc. (NYSE:NOW) is on 16th position our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 103 hedge fund portfolios held ServiceNow, Inc. (NYSE:NOW) at the end of the third quarter, which was 99 in the previous quarter.

We discussed ServiceNow, Inc. (NYSE:NOW) in another article and shared the list of “dumbest” companies to invest in. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.

Wed, 08 Feb 2023 21:44:00 -0600 en-US text/html https://www.insidermonkey.com/blog/is-this-the-best-time-to-add-servicenow-now-to-your-portfolio-1117796/
Killexams : Snyk Secures Strategic Investment from ServiceNow to Accelerate Enterprise DevSecOps Transformation

BOSTON, Jan. 24, 2023 (GLOBE NEWSWIRE) -- , a leader in developer security, today announced that ServiceNow has made a strategic investment in the company, allowing enterprises worldwide to continue their pace of innovation securely by default. This latest development comes on the heels of Snyk’s announcement of $196.5 million in in late 2022.

Despite tighter economic conditions expected throughout early 2023, enterprise leaders have a crucial role to play to ensure their businesses continue to prioritize developer productivity, technology innovation and cybersecurity remediation or face the very real risk of falling behind their competition. Together, Snyk and ServiceNow are focused on helping more global enterprises reap the many tangible benefits of DevSecOps, leveraging this latest investment to continue to enhance Snyk’s industry leading . In fact, the company’s latest revealed Snyk customers recognized security spend consolidation, massive developer productivity gains and meaningful risk reduction.

“For Snyk, this latest ServiceNow investment represents much more than pure capital,” said Peter McKay, CEO, Snyk. “First as a customer, then as a partner and now as a strategic investor, the ServiceNow team has proven their determination to shift enterprises away from slow, burdensome legacy cybersecurity approaches, allowing more resourceful global companies to embrace a modern, developer-centric security mindset.”

“It’s been exciting to witness Snyk’s journey over the last several years – from first evangelizing their pioneering vision of bringing the security mindset to the developer stage to now having thousands of customers worldwide embrace developer security,” said Philip Kirk, senior vice president of corporate business development, ServiceNow. “With this latest investment, we’re committed to working together to drive secure digital transformation outcomes for our customers.”

In addition to this latest funding, Snyk today is announcing a new integration with the ServiceNow . Currently to joint customers, this new offering unites , advanced software composition analysis (SCA) backed by the company’s industry-leading , with the ServiceNow Platform.

This represents a significant milestone for teams relying on ServiceNow digital workflow solutions across their enterprises, providing them with a more comprehensive view of their attack surface and allowing them to effectively evaluate risks in order to help respond to priority threats faster. Leveraging Snyk, the ServiceNow Vulnerability Response solution continues to effectively address security concerns based on how applications are developed today. As part of a digital assembly line, modern software developers often reuse code from a variety of sources, including open source repositories. In turn, this external code often presents vulnerabilities that the ServiceNow offering can now quickly identify and prioritize for fast remediation.

“As evidenced by , news of a code-level vulnerability immediately sends global IT teams scrambling to understand their exposure. Snyk eliminates this mad dash by embedding security throughout the entire modern software development lifecycle,” said Manoj Nair, Chief Product Officer, Snyk. “This new ServiceNow integration brings Snyk into a popular platform that governs how IT is serviced, resulting in thousands of enterprises being able to bolster their overall security posture through effective DevSecOps collaboration.”

"With new insights provided by Snyk, the ServiceNow Vulnerability Response solution enables security teams to better collaborate with software developers as well as centrally manage and respond to open source vulnerabilities across applications,” said Lou Fiorello, vice president and general manager of security products, ServiceNow. “This significantly furthers ServiceNow’s ability to provide a single view into vulnerabilities across the enterprise technology environment, driving workflows to better prioritize and expedite vulnerability management. Together we are driving more secure outcomes and improving enterprise security posture."

Snyk and ServiceNow will be discussing further details of this new integration as well as recommended actions to Improve overall application security during a webinar, “Snyk Peek: Application Vulnerabilities Delivered To ServiceNow Application Vulnerability Response,” taking place Monday, January 30, at 11 a.m. ET, to register, visit .

About Snyk
Snyk is the leader in developer security. We empower the world’s developers to build secure applications and equip security teams to meet the demands of the digital world. Our developer-first approach ensures organizations can secure all of the critical components of their applications from code to cloud, leading to increased developer productivity, revenue growth, customer satisfaction, cost savings and an overall improved security posture. Snyk’s Developer Security Platform automatically integrates with a developer’s workflow and is purpose-built for security teams to collaborate with their development teams. Snyk is used by 2,500+ customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce.

ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

Cara Foley

Mon, 23 Jan 2023 23:14:00 -0600 en text/html https://www.morningstar.com/news/globe-newswire/8735059/snyk-secures-strategic-investment-from-servicenow-to-accelerate-enterprise-devsecops-transformation
Killexams : Nicus Announces World-Class ITFM/TBM For Servicenow
(MENAFN- EIN Presswire)

Elevating IT Financial Management and expanding possibilities, powered by ServiceNow.

Our solution delivers capabilities with the performance and scalability previously not available for ITFM/TBM on the ServiceNow platform.” - John Clark, CEO

ROANOKE, VA, UNITED STATES, February 13, 2023 /einpresswire.com / -- Nicus Software Inc, a leading vendor of IT Financial Management (ITFM) and Technology Business Management (TBM) solutions has announced a release of its ITFM/TBM solution built natively on the ServiceNow platform.

Taking advantage of the strategic value ServiceNow provides in the Public and Private sector markets, Nicus delivers class-leading cost-modeling, cost allocation, show-back and charge-back (Bill of IT) capabilities that are high-performance, flexible and highly scalable, all on the ServiceNow platform. Nicus will be generally available for purchase from the ServiceNow App Store mid-March of 2023.

“We are very pleased to announce a mature ITFM/TBM solution for the ServiceNow platform derived from our years of successfully delivering IT cost optimization and spend transparency to a wide range of organizations. Our solution delivers capabilities with the performance and scalability previously not available for ITFM/TBM on the ServiceNow platform. With Nicus, customers can increase the value of their ServiceNow investment by providing a solution that delivers cost and value insights across the organization. This offering uniquely positions Nicus as the only provider with ITFM solutions delivered via multiple platforms - private cloud, or native on ServiceNow,” said John Clark, CEO at Nicus.

ServiceNow related benefits:

.Designed from the ground up to run natively on the ServiceNow platform.

. Leverages ServiceNow best-in-class capabilities to simplify administration of user management, security controls, integration, and workflow capabilities.

.One place to manage all your data – no need for time consuming, expensive integration efforts.

.Quickly integrate other ServiceNow applications like Asset Management and CMDB for deeper cost insights and more informed decisioning.

.Takes advantage of ServiceNow's improvements to their platform over time

.Designed for scale and flexibility - to process large data sets, complex cost models, and billing calculations that many applications can't manage.

Visit to learn more about Nicus and our new solution for ServiceNow.

About Nicus
Nicus is a leading provider of IT Financial Management (ITFM) and Technology Business Management (TBM) solutions tailored to the needs of high-performance private and public sector organizations. Nicus enables more informed and profitable technology decisions while helping IT leaders and practitioners tell their value story using a comprehensive software suite and AI-powered insights engine, including solutions for IT Planning, Cost Transparency, Cloud Transparency, Bill of IT, Application TCO, IT Benchmarking and more. See how Nicus elevates IT to empower business at .

Chris Aber
Nicus Software
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Mon, 13 Feb 2023 05:47:00 -0600 Date text/html https://menafn.com/1105566977/Nicus-Announces-World-Class-ITFMTBM-For-Servicenow Killexams : ServiceNow Grows Over 27%, Beats Guidance On Q4 Demand ‘Surge’

When a company grows faster than investors expect and raises its forecast for the year ahead, its stock should pop.

That theory was put to the test by the market’s reaction to ServiceNow’s fourth quarter results which were released after the market closed on January 25.

The outcome? Its stock fell over 2% after hours. While ServiceNow met revenue expectations and exceeded the earnings per share consensus, one analyst noted that a measure of ServiceNow’s backlog was lighter than expected — despite exceeding the consensus.

Unless some more significant problem comes to light, it looks to me as though ServiceNow’s slight dip after the earnings call is a buying opportunity.

Faster Than Expected Revenue Growth and Profitability

ServiceNow's software helps information-technology departments to manage requests from its internal customers. The company also provides a self-service tech portal that company employees use “to access administrative and workflow tools,” according to Investor’s Business Daily (IBD). ServiceNow has added software for other functions — such as human resources, customer service management and security.

By most measures, ServiceNow grew faster and was more profitable than expected:

  • Revenue rose 20% to $1.94 billion — meeting expectations
  • Earnings per share of $2.28 popped 46% — beating the consensus by 26 cents, noted IBD
  • Subscription Revenues. Q4 GAAP subscription revenues were $1.86 billion — up 27.5% adjusted for constant currency, As I wrote in November 2022, the company expected 20.5% growth in this metric.
  • Margin. Q4 non-GAAP operating margin was 28%, two percentage points above guidance
  • Renewal rate: Fourth quarter renewal rate was 98%
  • Full-year free cash flow margin: 30%, a percentage point above guidance

Expectations-Beating Growth in 2023

ServiceNow forecasts expectations-beating growth in the first quarter of 2023 and for the year with solid profitability:

  • Q1 subscription revenues between to rise between 25% and 25.5%
  • Full-year subscription revenues to increase in a range between 22.5% and 23.5% — or $8.44 billion to $8.5 billion. This exceeded the analyst prediction of $8.36 billion, according to IBD.
  • 2023 non-GAAP operating margin: 26%
  • 2023 free cash flow margin: 30%

Surge in Demand And Strong Customer Retention

ServiceNow is very excited about its performance and prospects. In a January 25 interview, CEO Bill McDermott told me, “Today is a special day in our history. We have a championship platform. We beat every expectation and raised guidance. We beat on revenue growth by one point, on operating margin by two points, and on free cash flow. It’s about a huge surge in our new business in the fourth quarter. We blew past the previous year and our guidance is higher than the consensus estimates.”

Why the surge? “We provide end to end digital transformation. How do you get more work done with less? You have to optimize assets to drive productivity. You have less headcount and more work. If you are a C-level executive you have to invest in the short-term to survive in the long-term. There are only a few platforms that are critical — ServiceNow is one,” he said.

Is ServiceNow gaining market share? “We are the only one that does what we do. We run on top of other applications and we enable everything to be integrated so people can collaborate. We are increasing wallet share and our retention rate is 98% to 99%,“ he explained.

ServiceNow’s lines of business are firing on all cylinders, “Unlike other companies, we only have winning businesses. We have 10 businesses with over $1 billion in revenue that are all growing very fast. I am betting it all on our great engineers and our go to market machines. This is our moment. Customers and employees are asking ‘What is going on there?’ We want in,” said McDermott.

Stock Falls After Hours

In 2022, McDermott told me that ServiceNow stock should trade at $800 a share. My guess is that this price target would be reachable if ServiceNow could return to the 59% average annual growth rate it enjoyed during the decade before the pandemic.

Investors did not catch the ServiceNow fever — with its stock losing 2.1% in extended trading. The cause could be disappointment over a measure of backlog called current remaining performance obligations (CRPO) — which sums deferred revenue and order backlog.

RBC Capital analyst Matthew Hedberg wrote in a note to investors that fourth quarter 2022 CRPO — which came in $100 million above the consensus of $6.84 billion, 25.5% above the year before amount — “was seen as somewhat disappointing relative to expectations,” reported IBD.

Another analyst, Dan Romanoff Senior Equity Analyst at Morningstar, was impressed with the results but lowered his target price for the company from $640 to $600 due to “macroeconomic caution.”

He was pleasantly surprised by the report noting, “ServiceNow reported upside relative to revenue and margin guidance for its fourth quarter and provided a surprisingly robust outlook for 2023.” He noted that improving currency headwinds and expense discipline contributed to better revenue and margins.

He noted that its “about in line” guidance “is surprisingly good in this environment.”

I remain puzzled why ServiceNow’s stock fell after this report. Unless there is a more significant threat to its future growth than what those analysts cited, the dip looks like a buying opportunity.

Thu, 26 Jan 2023 09:02:00 -0600 Peter Cohan en text/html https://www.forbes.com/sites/petercohan/2023/01/26/servicenow-grows-over-27-beats-guidance-on-q4-demand-surge/
Killexams : ServiceNow (NOW) to Report Q4 Earnings: What's in the Cards? No result found, try new keyword!ServiceNow NOW is scheduled to release fourth-quarter 2022 results on Jan 25, 2023. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $1.93 billion, suggesting a 19.82% rise ... Fri, 20 Jan 2023 04:11:00 -0600 text/html https://www.nasdaq.com/articles/servicenow-now-to-report-q4-earnings%3A-whats-in-the-cards Killexams : ServiceNow a 'beyond-expectations company,' CEO says

ServiceNow CEO Bill McDermott joins Yahoo Finance Live to discuss fourth-quarter earnings, digital transformations, investor sentiment, driving productivity and growth, and the outlook for ServiceNow.

Video Transcript

BRIAN SOZZI: ServiceNow appears to be defying the broader tech slowdown that has unleashed a wave of layoffs across the sector. At least that's one takeaway from the company's latest earnings. Let's bring in ServiceNow chairman and CEO Bill McDermott. Bill, always great to get some time with you. Love this line in the earnings call last night. You said ServiceNow is the safe harbor in the proverbial storm. Break that down for us. Why do you think that's the case?

BILL MCDERMOTT: Well, ServiceNow is a beyond expectations company, Brian. The main reason is we have the platform for end-to-end digital transformation. So as customers navigate the difficult macro, on one hand, they need to be highly efficient. They need to automate their business and do things at a super efficient level in terms of taking costs down. At the same time, they know they have to run a digital business. 98% of the CEOs out there have a digital-first strategy.

And we're the company that can enable them to reorient business models and grow. And all of that is done on one common platform for end-to-end digital transformation, from IT being the business strategy to taking care of your employees and customers, and even having real people like us build applications on a low code platform. So we are that company that does it all. And we have the platform that matters right now.

BRAD SMITH: For companies that are kind of coming to grips with that reality that they do have to continue to spend, and ServiceNow being a beneficiary in some of those categories, I suppose, where and kind of to what extent do you see them scaling up in order to safeguard and actually protect the investment that they've already made?

BILL MCDERMOTT: It's a great question, Brad. Lots of customers right now are realizing that at the peak of the hype cycle in the pandemic, they simply invested in a lot of point solutions. And one CEO recently told me they can't afford 1,000 points of dim light. They really need a cohesive plan on a trusted platform. And in that case, they actually weren't increasing their spend. They were simply doing away with or lessening things that didn't matter. So they'd have free capital for things that do.

And that's what's really important about ServiceNow. You can take money and use it for better purposes by eliminating lots of the points solutions that are now consolidating on our platform, or simply put our platform in to reside above these outdated systems of record to get a huge productivity bump, a great consumer grade user experience, and obviously drive productivity and growth. And that's really what is happening. There's about four or five platforms in the whole world of enterprise that matter, and we're one of those standard bearers.

JULIE HYMAN: Hey, Bill. It's Julie here. You have said that you're not going to be laying off people. What's the difference between you and some of your competitors on that front? Is it that you're just-- maybe you didn't beef up as much when your competitors were, or you just think it's important to keep those people on and not let them go? What's the differentiator?

BILL MCDERMOTT: Great question, Julie. We're growing faster than all of them. I mean, this is a company that's the fastest growing enterprise software company in the world. They say you're world class when you grow at the rule of 40, meaning more than 20% revenue and free cash flow margin, another 20%. If it adds up to 40, you're world class. We're growing at 58.5, nearly the rule of 60.

So this growth is all organic. We're fueling the fire with great engineering. We continue to hire the best engineers in the world. And we continue to hire the best go-to-market professionals in the world that can take care of our customers, continue to keep them loyal. We have the highest loyalty scores in the world. And obviously grow within our same account or net new logos as we expand the franchise across the world in every industry and across every persona in every business. So there's a lot of growth on here at ServiceNow, and we need the people.

And furthermore, I think you bring up a great point. We were highly intentional, even with the peak of the hype cycle and the pandemic. If you got into ServiceNow, it's because you were a 9 or 10. We hired the very best people because we don't hire people to fill jobs. We hire people to build careers and build a culture and build a great company for the ages. So we need the people. We believe in the people. And the people love being here. That's why we were Glassdoor's top pick in our industry.

BRIAN SOZZI: Bill, key to that building ServiceNow and building the culture has been you over the past few years since you joined the company. You recently added the title as chairman. You recently also made a key promotion inside the company, which you talked about in the earnings call last night. I mean, how much longer do you see yourself as CEO of ServiceNow? You've been doing this for a while.

BILL MCDERMOTT: I'm just getting warmed up. I mean, I'm just getting warmed up. So I'll be here for the duration. I came in with a vision to make ServiceNow the defining enterprise software company of the 21st century. And I intend to see that through to its entirety. Now, at the same time, I think very good leaders build great teams. And I've got a great president and chief operating officer in CJ Desai. He's richly deserving of that promotion. And the reason for that is he uniquely understands how we build a great platform, but also how you take that platform to market and make customers super successful, super happy, and super interested in expanding their business on ServiceNow.

So what we want to do is build a culture where everyone really understands that great products and an unbelievable, unmatched customer centricity not only gets you promoted, but it creates an enduring company. And that's what we want to be, the defining enterprise software company of the 21st century.

BRAD SMITH: For as great a company as you are running, as that you're telling us the environment is for the company right now, too, Bill, I got to wonder, when you see shares down off of the 2021 highs by about 33%, still even with the move higher here, early year to date, you've seen some activist campaigns within the ERP landscape or even the B2B landscape right now, and thinking of Salesforce particularly, do you get concerned when you see some other companies that perhaps have a solid portfolio of clients, a solid offering that they take to market, getting nibbled at by some of the activists out there?

BILL MCDERMOTT: Well, I don't get concerned about that for ServiceNow because what they do is they go into these other companies you're referring to, and they say, hey, this is the benchmark. It's ServiceNow. ServiceNow is growing three, four, or five times faster than you. ServiceNow has a margin profile that is substantially higher than yours. ServiceNow is expanding their customer base, their employee base, and their free cash flow margins. That's the benchmark. Now how do you get to be ServiceNow? They're not saying to ServiceNow, how do you get better, because they already know we continue to get better. So for those companies that are looking at ServiceNow as the benchmark, I think it's a privilege and an honor. And that's why we intend to be the best run business in the world.

BRAD SMITH: ServiceNow CEO Bill McDermott. Bill, always appreciate the time and the insights and especially looking around the industry, getting your take on it as well.

Thu, 26 Jan 2023 18:02:00 -0600 en-US text/html https://finance.yahoo.com/video/servicenow-beyond-expectations-company-ceo-160238304.html
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